Bay Of Lights Reinforces Commitment To Job Creation And Community Development Through International Strategic Partnerships
Bay of Lights, a USD 16 billion coastal township development project, is rapidly transforming the coastline of Sihanoukville. The project has made significant strides in the first six months of 2024, driven by its strategic partnerships with prominent international entities.
According to a press release issued by the Bay of Lights, its partnerships have helped to propel job creation and foster the socio-economic fabric of Sihanoukville, positioning it as a beacon of modern urban development and economic vitality in Cambodia.
Spearheaded by Canopy Sands Development, the Bay of Lights project aims to elevate the region's economic and social landscape with a focus on tourism, hospitality, sports, and international events.
Elevating Tourism Through World-Class Hospitality
Central to this initiative is the development project’s collaboration with The Ascott Limited, the hospitality arm of CapitaLand Investment, which will manage Summer Bay Beach Club & Cabins under the ‘Preference’ brand and ‘Oakwood Bay of Lights Sihanoukville’.
This partnership is set to introduce world-class hospitality standards to the region, significantly boosting the tourism sector and creating numerous employment opportunities.
Transforming Sports And Leisure With Premier Golfing Experiences
Further enhancing the project's appeal is the development of the Bay 19 Golf Course, a USD 41 million investment featuring Cambodia's first USGA-certified seaside golf course, set for full completion by 2029.
Partnering with Greg Norman, a world-renowned golfer, this venture aims to attract golf enthusiasts from around the globe, thereby stimulating local businesses and generating substantial employment in the sports and leisure industry.
Positioning Sihanoukville As A Global Events Hub
The Bay of Lights also has a partnership with a leading international organisation focused on establishing an international convention and exhibition centre. An eleven-hectare site will be transformed into a world-class venue, positioning Sihanoukville as a premier destination for global events.
This centre will foster cultural exchange and international collaboration, boosting the local economy through increased tourism and business activity.
A comprehensive development plan is in place for this exhibition centre, covering feasibility studies, design, financing, construction, and management, ensuring a seamless integration of local insights with international expertise.
By offering diverse, world-class experiences, Bay of Lights is set to attract a broad spectrum of visitors, enhancing the region’s reputation and driving economic growth. Bay of Lights has expressed a commitment to leveraging these partnerships to create sustainable job opportunities and foster community development.
Through these collaborative efforts, the project aims to improve the quality of life for local residents, and to establish Sihanoukville as a key destination on the regional stage.
This press release was supplied.